Indian biscuit maker Britannia Industries reported sales of INR8.2bn (US$168.3m) for its third quarter, a growth of 25% driven by a “healthy blend” of volume, mix and price.
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Volume increased 12% and profit from operations (before other income, interest and exceptional items) increased 15% for three months to 31 December.
For the nine-month period, sales grew 24%, volume increased 14% and profit from operations increased 17%.
Commenting on the performance, Vinita Bali, managing director, said: “In the current economic scenario, we have focused on a diversity of packaging and pricepoints to keep the purchase and consumption momentum. Going forward, there will be greater emphasis on operational excellence to contribute to margin expansion.”
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By GlobalData
